Matthew Kanner Of Keller Williams Brokers $11.55M Multifamily Sale In Los Angeles
3724 Glendon Ave
$11,550,000
$475/SF
Building Size
24,318 SF
Asset Type
MultiFamily
Closing
Mar 8, 2023
AI
Located at 3724 Glendon Ave in Los Angeles, this multifamily property recently went on the market for sale. The property consists of 27 units with a total square footage of 24,318. The sale price for this property was $11,550,000, making the price per unit approximately $427,778. The price per square foot is estimated to be around $475. This transaction was facilitated by broker Matthew Kanner of Keller Williams.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $11,550,000
- Units: 27
- Price Per Unit: $427,778
- Square Footage: 24,318
- Price Per Square Foot: $475
- Address: 3724 Glendon Ave, Los Angeles
- Market: Los Angeles
This sale transaction was facilitated by Matthew Kanner of Keller Williams. His expertise and negotiation skills played a vital role in closing this deal. The property offers a great investment opportunity in the vibrant Los Angeles market.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93